Algeria: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Algeria

The Algerian breakfast cereal market expanded rapidly to $X in 2021, growing by 8.9% against the previous year. Overall, consumption posted strong growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Breakfast Cereal Production in Algeria

In value terms, breakfast cereal production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production saw buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 48%. Breakfast cereal production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Breakfast Cereal Exports

Exports from Algeria

In 2021, shipments abroad of breakfast cereals increased by 118% to X tons, rising for the fourth consecutive year after five years of decline. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 129%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, breakfast cereal exports skyrocketed to $X in 2021. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 128%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons) was the main destination for breakfast cereal exports from Algeria, accounting for a 96% share of total exports. It was followed by Tunisia (X tons), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +156.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (-35.5% per year) and Canada (-32.4% per year).

In value terms, France ($X) remains the key foreign market for breakfast cereal exports from Algeria, comprising 95% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +160.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-28.2% per year) and Tunisia (-33.2% per year).

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2021, declining by -3.5% against the previous year. In general, the export price recorded a mild reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 34%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Algeria

In 2021, imports of breakfast cereals into Algeria skyrocketed to X tons, growing by 22% on the previous year's figure. Overall, imports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 when imports increased by 33% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, breakfast cereal imports contracted to $X in 2021. Over the period under review, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2013 when imports increased by 51% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest breakfast cereal supplier to Algeria, accounting for a 49% share of total imports. Moreover, breakfast cereal imports from Turkey exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. Egypt (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +45.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+93.8% per year) and Egypt (+15.1% per year).

In value terms, Turkey ($X), Egypt ($X) and France ($X) were the largest breakfast cereal suppliers to Algeria, with a combined 76% share of total imports. Poland, Ukraine, Lebanon and Spain lagged somewhat behind, together comprising a further 23%.

Ukraine, with a CAGR of +127.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average breakfast cereal import price stood at $X per ton in 2021, declining by -24.2% against the previous year. In general, the import price, however, recorded mild growth. The growth pace was the most rapid in 2020 an increase of 102% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Egypt ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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